https://www.taxtmi.com/caselaws?id=26639 Section 19 of the Assam Agricultural Income-tax Act, 1939 fixed interest at 6% per annum from 1 January to the return-filing date, as extended to 28 February, and allowed a higher rate only if validly prescribed for delay beyond that date. Rule 11(2)(b)(i) to (ix), which sought to impose a sliding scale of 8% to 24% after 1 March, had already been declared ultra vires and void. Applying strict construction of taxing statutes and the rule that there is no equity in tax, the levy of interest beyond 28 February lacked authority of law and was invalid. en-us Fri, 14 Jun 1985 00:00:00 +0530 Sat, 06 Feb 2010 15:22:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26639 Section 19 of the Assam Agricultural Income-tax Act, 1939 fixed interest at 6% per annum from 1 January to the return-filing date, as extended to 28 February, and allowed a higher rate only if validly prescribed for delay beyond that date. Rule 11(2)(b)(i) to (ix), which sought to impose a sliding scale of 8% to 24% after 1 March, had already been declared ultra vires and void. Applying strict construction of taxing statutes and the rule that there is no equity in tax, the levy of interest beyond 28 February lacked authority of law and was invalid. Case-Laws Income Tax Fri, 14 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26639